"Brooklyn1" <Gravesend1> wrote in message
...


Well of course, don't set up a split... leaving half to a spouse (the
> law says so) and half to say a child is a choice.

Some pensions don't have that option a decision must be made.

The point still
> remains that anyone can purchase their own pension by systematic
> investment... both spouses each need to buy their own pension. But
> few have the foresight and sense of responsibility to do so...

Absolutely but seldome done

>and thinking about it for 30 years but doing nothing until like a year
> before retirement is way too late.


If you read the stats many retirees are in real trouble or will be in
trouble shortly.


And there are many vehicles one
> can invest in, if one is not comfortable with mutual funds they can
> always buy gold, some purchase real property and then collect rent for
> retirement income, lots of folks do exactly that. If one is going to
> rely on some entity taking care of them as though they're an infant
> then they will very likely be sorely disappointed. No matter what
> income level one can always make a systematic investment... even if
> all one can contribute is $1/day, if one starts at age 18 they will be
> in good economic stead come retirement age.

once again seldome done.

Nowadays hardly anyone
> has a savings plan of their own.. all most folks have of their own is
> debt. There is really no point going to a job every day if all one
> does every day is go deeper and deeper into debt... a debter is a
> whole lot worse kind of bum than a skidrow wino. Anyone who owes so
> much as a penny is a debter, a bum.

There are times when debt is a valid tool.
But being so far upside down is insanity - I think we agree on that.

Dimitri